M&As this week: Standard Investment, Ajinomoto
Standard Investment has signed an agreement with FrieslandCampina to acquire its juice business unit Riedel.
FrieslandCampina is a dairy co-operative, while Standard Investment is an investment firm.
Both the entities involved in the transaction are based in the Netherlands.
Ajinomoto has completed an acquisition of the remaining 50% stake in KUKRE GIDA VE IHTIYAC MADDELERI NAKLIYAT VE OZEL EGITIM HIZMETLERI TICARET VE SANAYI ANONIM SIRKETI (Kukre).
Based in Turkey, Kukre produces seasonings, pickles, and other food products, whereas Ajinomoto is a food and chemical company based in Japan.
The stake was purchased from Gulel Family for a purchase consideration of YTL181m ($51.39m).